Economy

Defense, maritime security, energy resilience, and economic cooperation will take center stage as President Ferdinand R. Marcos Jr. meets Japanese Prime Minister Sanae Takaichi during a high-level summit in Japan this week, according to the Department of Foreign Affairs (DFA).

The Management Association of the Philippines (MAP) on Monday called on senators to take decisive action to rebuild the credibility of the Senate as it prepares to convene as an impeachment court for Vice President Sara Duterte.

Chinese steel giant Panhua Group is set to launch the first phase of its $1-billion integrated steel manufacturing project in the Philippines next month, marking one of the country’s biggest foreign industrial investments in recent years.

The Makati Business Club said restoring public trust in the Senate now largely depends on the leadership of the Senate President following what it described as the “unprecedented drama and chaos” that marked the chamber’s May 11 session.

Philippine Chamber of Commerce and Industry president Ferdinand Ferrer warned that political distractions and uncertainty could slow investment inflows into the Philippines, saying stability and adherence to the rule of law remain critical to sustaining investor confidence.